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Sport Tokyo 2020 organisers estimate Games postponement cost $1.9 billion: media

09:25  29 november  2020
09:25  29 november  2020 Source:   reuters.com

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Olympic Games organisers are still counting the cost of postponement and say it is “premature” to put any accurate figure on the financial impact of pushing the event back to 2021. The International Olympic Committee and the Japanese government agreed to a postponement last week amid the

Olympic Games organisers are still counting the cost of postponement and say it is 'premature' to put any accurate figure on the financial impact of 'It's too early to tell': Tokyo organisers counting the cost of postponement of Olympic Games due to coronavirus amid reports one year delay could

TOKYO (Reuters) - This year's postponement of the Tokyo Olympics because of the novel coronavirus cost about 200 billion yen ($1.9 billion), organisers have estimated, the Yomiuri newspaper reported on Sunday, citing people involved with the event.

a large body of water with a city in the background: FILE PHOTO: Boats tow the giant Olympic rings, which are being temporarily removed for maintenance, at the waterfront area at Odaiba Marine Park in Tokyo © Reuters/KIM KYUNG-HOON FILE PHOTO: Boats tow the giant Olympic rings, which are being temporarily removed for maintenance, at the waterfront area at Odaiba Marine Park in Tokyo

The International Olympic Committee and the Japanese government were forced to put off the Games for a year in March as the coronavirus spread rapidly around the world.

The Games cost 1.35 trillion yen ($13 billion) before the postponement, the newspaper reported.

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The decision to postpone the 2020 Tokyo Summer Olympics will cost NBC an estimated $ 1 .2 billion in ad revenue, and there are unlikely to make it up. © 2020 Forbes Media LLC. All Rights Reserved.

Welcome to the official Tokyo 2020 Olympic Games website, featuring the latest news, interviews, competition schedules, event and tournament-related. About Tokyo 2020 Organising Committee.

The organising committee will decide on a breakdown of the burden of the delay in December, after discussions between the committee, the Tokyo metropolitan government and the central government, the newspaper said.

A spokesman for the organisers, asked about the report, told Reuters by text message only that the committee is examining the extra costs associated with the delay.

The postponement costs include payment to staff as well as the introduction of new systems for refunding tickets but do not include measures against the spread of the coronavirus, the newspaper said.

The organisers had originally estimated that the delay would cost nearly 300 billion yen but they were able to reduce that figure by simplifying some events, the report said.

(Reporting by Junko Fujita; Editing by Robert Birsel and William Mallard)

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